Senior Actuarial Trainee - Canada Life : Job Details

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.

Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.

Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.

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Job Purpose

This role would be to join the actuarial student scheme at Canada Life. The scheme is designed to provide a breadth of experience to those studying towards Fellowship of the Institute and Faculty of Actuaries (or equivalent) through rotations to different areas of the business.

The first rotation for this role will be within the Capital and Liquidity team. Rotations usually last 18 to 24 months, and subsequent roles would likely to be based in an actuarial team — e.g. pricing or valuation.

Key Accountabilities

• Contribute to determining and managing the regulatory (Solvency II and LICAT, which is the Canadian solvency regime) and economic capital requirements.• Contribute to an effective Enterprise Risk Management (ERM) Framework by producing Stress and Scenario Testing (SST) analyses, capital projections and sensitivities on a range of capital metrics.• Contribute to the development and monitoring of capital and liquidity plans.• Contribute to the production of sensitivity testing to support various requirements including liaising with the actuarial modelling team on capital modelling and SST requirements, and development needs.

Desired Knowledge / Experience / Skills

• Student actuary who has already worked within an actuarial department.• Strong technical skills including either financial reporting, Solvency II or LICAT (Canadian) knowledge/experience.• Understanding of the UK regulatory environment.• Delivery focused and able to take a pragmatic solution if required.• Ability to apply actuarial techniques to business problems and to see wider implications.• Proven ability to act independently as well as working as part of a wider team.• Strong communication skills (able to articulate technical and complex issues clearly both verbally and in writing to senior audiences including non-actuaries).• Demonstrated personal drive, energy, persistence and self-motivation and awareness of the needs of the wider business.• Experience in applying technical expertise to analyse risk and capital information and convert this into management information that is both timely and useful• Qualifications: Completion or near-completion of all Core Technical actuarial examinations (or equivalent)• Good working knowledge of MS Excel

Benefits of working at Canada Life

We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.

How we work at Canada Life

Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.

We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.

Diversity and inclusion

Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we’re making in DEI, and we continue for it to be a significant focus.

"At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK

We appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.